Download JNTUA MBA 4th Sem Supple 2015 Dec 12E01405 Corporate Taxation Question Paper

Firstranker's choice

Code: 12E01405

FirstRanker.com

--- Content provided by FirstRanker.com ---

MBA (Finance) IV Semester Regular & Supplementary Examinations July 2015

CORPORATE TAXATION

(For students admitted in 2011, 2012 and 2013 only)

Answer any FIVE questions

All questions carry equal marks

--- Content provided by‌ FirstRanker.com ---

*****

1. (a) Differentiate between the assessment year and previous year.
   (b) Explain the tax treatment in case of merger and takeover.
   (c) What are the exemptions in residence incidence of tax?
2. (a) How do you channelizing FDI to reduce the taxation? Explain.
   

   --- Content provided by FirstRanker.com ---

   (b) State the incentives for the units located in SEZ.
3. Discuss the procedures for exports and imports.
4. (a) Enumerate the principle classifications of central excise.
   (b) What are the objectives of maximum retail sale price?
5. Discuss the important terms and impact of VAT.

--- Content provided by‍ FirstRanker.com ---

6. (a) How do you classify the service tax?
   (b) What is the chargeability of service tax?
   (c) What is the service tax payment?
7. Y has two houses, both of which are self-occupied. The particulars of the houses are as under:
   

   Particulars	1st house Amount (Rs)	2nd house Amount (Rs)
   Municipal value	70,000	1,00,000
   Fair rental value	82,000	1,30,000
   Standard rent		1,10,000
   Date of completion	1.1.2012	1.10.2012
   Municipal taxes	7,000 paid during the year	10,000 paid during the year

   Suggest which house should be opted by Y to be assessed as self-occupied so that this tax liability is minimum.

--- Content provided by​ FirstRanker.com ---

8. (a) What is block of asset? Explain.
   (b) Explain the deductions expressly allowed and disallowed of business and profession.

*****

FirstRanker.com

--- Content provided by⁠ FirstRanker.com ---